ECOx Price (ECOX)

What Is ECOx(ECOX)?

Eco is a decentralized currency enabling a new type of Economy — one that works more transparently and in our collective best interest. It's the combination of something old — the ambition of building a better currency — and something new — the technology for currencies to be managed independently by their communities.

What Makes Eco Unique?  

• Real Consumers use Eco. Starting with the Eco App and its network of partners, products built on top of Eco do exactly that — and it's only the beginning. More are in the works, giving everyone access to crypto-powered financial services while onboarding them to the Eco Currency.
• Real Community drives adoption. The community building and supporting Eco is unlike any other. It's a wildly active, inspiring and driven group unified by one goal: to further adoption of Eco. From deep economic discussion to creative content, you’ll find a place in the Eco Community.
• Real Governance makes it work. Eco's currency, $ECO, is governed by its own monetary policy much like the fiat currencies we use every day. But instead of a far-removed central bank setting the policy, an elected group of Eco users (called 'Trustees') does so — using better data and better tools, with clearer incentives.

What Is ECOX Token?

ECOx is designed to fulfill this function in Eco, as a secondary token to bootstrap system governance, liquidity and capital allocation. An open market for ECOx will serve as a critical indicator to Trustees governing ECO monetary policy, as price volatility of ECOx is designed to be directly correlated with broader expectations about future adoption and usage of ECO.

How Does ECOx Work?

Unlike some two-token cryptocurrency systems, Eco does not have any sort of two-way, arbitrage-based exchange function where ECOx is intended to sustain a specified price target for ECO. Rather, ECOx is a deflationary-supply asset positioned to bootstrap the early Economy, provide a market-based signal for its governance, and eventually play a role in securing certain ECO functions or use cases. ECOx may benefit from increasing ECO adoption in two ways: some ECO transactions could be charged a nominal fee which accrues pro rata to ECOx holders who stake (so ECOx would benefit from ECO payment volume); and ECOx is convertible into a percentage of ECO supply (so ECOx benefits from growth of the Economy). Conversion of ECOx into ECO is at the election of the ECOx holder and is non-reversible; the converted units of ECOx are permanently withdrawn from circulation.

ECOx (ECOX) Community

• Twitter: https://twitter.com/ecodotorg
• Discord: http://discord.eco.org

What is ECOx (ECOX) Contracts address?

• Ethereum: 0xcccD1Ba9f7acD6117834E0D28F25645dECb1736a